There are many nonprofit organizations that collect lightly worn gowns, handbags and jewelry for low-income students to wear to prom. One charity, Operation Prom (operationprom.org), takes it one step further and also accepts lightly worn tuxedos. So if you have formal dresses and accessories or black-tie suits collecting dust, think about donating them to charity to help someone in need. Your donation is tax deductible, too.
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